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Trainline ( (GB:TRN) ) has issued an announcement.
Trainline has implemented a share buyback program, purchasing 152,827 of its ordinary shares on the London Stock Exchange from Morgan Stanley. This move, part of a strategic effort approved at the 2024 Annual General Meeting, resulted in the cancellation of these shares, reducing the total number of shares in issue to 451,333,159. The transaction aims to optimize the company’s capital structure and can impact shareholders regarding notification obligations under regulatory rules.
More about Trainline
Trainline is the leading independent rail and coach travel platform that sells tickets to millions of travelers worldwide. It facilitates seamless searching, booking, and managing of journeys through its website and mobile app, offering a comprehensive range of routes, fares, and journey times from various rail and coach carriers across Europe.
YTD Price Performance: 32.49%
Average Trading Volume: 350
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.39B
For detailed information about TRN stock, go to TipRanks’ Stock Analysis page.
